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THIS INDENTURE, AAad~ ~ht 27th _ day of ~rCh A.D. 1975_, betwean •
Larry L. Herman and Jud~ K._Hernan, his wife ' '
of St • Ll1C i6 Cou~ry Flwida, hereinaf~er dea~g~~atrd as ~he "MORTGAGOR," and FIRST FEDERAL SAVINGS AND IOAN
ASSOCIATION OF FORT PIERCE, a corpaa~~o~ wganiaed and exlsiinp under the ~J'N~ of tM Un3ted Stata• of America and havinp it~ principal pl+t~ of
b.,s~ness in Ihs City of fort Pieres. St. lucie County, ftorida, herei~after designe~ed as the "MORTGAGEE:' ~
WHEREAS ths MORTGAGOR is ju~tly indebted to tFie MOR[GAG~E in the tum of S 4$ ~ 2~ good and lawful money of the Un~ted
~r~res ad+enced by the IA~RTGAGEE unto thelVlQRT~AGOR~es ~videnced by a cer+e~n promissay note o} cven date herewith, of wh~th the following in ~
:.,;rds ~nd (igures is a trua copy, towit: ' ~ ~
S 48, 200 .00 ~ No10021241 ;
fort Pierce, Florida, March 27 ~y2~. t
Fa value received. I, we or either of us, promise to pay, without defalcat:on, to ihe order of FIRST FEDERAI SAVINGS ANO IOAN ASSOCIATION OF ~
,`RT PIERCE at fo~f P~ercr, Flwida, the sv~r. of s~_ 2~•~ wah Inrz~:r~t irom date at the ~ale ori~!75O'so annum, iRmonthly install- f
rs as fo1!ows: S 397-•-~---. cxi the _.2Othday of 19 75_ and a like sum on the c«respond~ng day of each moroh there- ~
.•trr until tRe whole lx f~Ily paid. i
Each insralimenf first aha!1 be appt+ad in paymant of ~he interrst and t1~en on the unpaid balance o~ the princ~pal sum. If default is made in the
.,.~nz~nt of any installment when due, ond such defeuft connnues 30 days, then at the opt~on of the ho~dcr, and without an'y other not;ce, all the remaining _
~,raitments ahall be d~e and payab!e at once. Priv~le9e is grven to prepsy this note in whole or io parl at any tlme without penalty. Neither forebearancs,
acceptance by the ho~der thereof a(ter any default in any pay~ne~ts hereo~, sh~ll be deemrd extension. A late payment charge of ~Qa~_, shal) be i
~:,:.d to each in~!ai~ment remaining unpa.d 7 days after its dus date, and a hi.e s~ r. shail be addrd to each such installmeM remaining unpaid 7 days ~fter
~.h succeeding paymenr date.
Each maker, surery and enrlorser hereof, jointty and severally, wa~ve~ clemar.d, presentment protest and notice of protest for nonpaymenf, snd further
;-res to any ext~ns~o~ of t~me of payment, rith~r ~~fore w aiter matur[ty, witho~t nor~te to any of us; an~ to pay all costs of collection, intludiny a
',~onable atrwney's fee ;n the evenr oF~any defaulr hereundar, and hereby seve•ally ,vaives all benefit of homestead and exrmption under the constitution
sws of rach State of the Unrted Sta!es, as ayai~ist this obi~ga~ion or any extens~on cr rerewal hereoi. '
Witness the hand and seal uf each part~.
s/Larry L. Hernan ~A~~
. (s~?t)
s/Judy K. Heznan_____ _ _ ~
(s~W 1
~~2 • ~ S~a~e Reven~e ~
2k7f~iKX+~s~X
NOW, THERFFORE, the M~RTGAvOR fw the purpose of secu~ing pa~ment ~f.sa~d sum of s~~2~•~ , and the performarxe of ihe ~
>:enams and agreement~ here~neiter exp:essed, and fw d~vers goed and va(uao!e :cna~derationa, by tlxse presents, does graN, barflain, sell, remise,
__:.se, convey and cor.fkrm unto the MORSvAGEE, 8ts s~ccesso~s and assigns, ei! that ce.tain lot, piece or partel of lend, situate, lying, and being in the
::,•.:r,ry of St. Lt~C1Q _ _ and State of Flonda, described as foltows:
Lot 36, RIVER OAK ESTAIES, as per plat thereof recorded in Plat Book 16,
page 5, of the public records of St. Lucie County, Rlorida~
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~ -:e±her w~th alf and singular the tenements, he*editame~ts and appurtances thereuoto belw~ging o~ in anywise appertaining thereto, ~nd al) rents, iuues,
€ .-cceeds and profits accruing and to accrue from said premises, all of which are included in the ebove and fore9any destription ~nd habendum.
~ TO HAVE AND TO HOLD the above described and granted premises unto the said MORTGAGEE, its successots and stsipni forever. And fhe wld
w :~ORTGAGOR (w --t~lr h~eirs, executws, adm~nissrarors and assigns, hereby covenants with the said MORTGAGEE, it~ tuccesaon ~nd saipm,
~ the are
•,•t - y - tawfully seized of the said prem~ses in fee simple; thst the same sre free, clear ~nd discharged from all liero and axum-
:m
~ c•ances i~ law or in equity, and that_~ witl and their hein shall w~rrant and defe~d the title to the same to the aid
JRiGAGEE, its successors and assigns, forever against the ~awfut claim~ and demands of all persons;
PROJIDED, AlWAYS that if the MORiGAGOR shal{ pay unto the MORTGAGEE the promissory note hereinbefwe described and sl?al) truly, promptly
_ d f~IIy perform, dacharge, ezecute, complete, comply with and abide by each and every the stipulations, sgreemeMS, tonditions and covenanti of iaid
- ~-^,ssory note and of this Mortgage, then this AMrtgage aod the Es~ate hereby ueated shall cesse and be null and void.
IT IS UNDERSTOOp ~hat ihe wwd "Mortgagor" whether in the singular w plurat snywhete in this Mwtysge, shall be sinyulsr if one only and
>t s^a!~ be plura! jointiy and severafly if more than one, and that the wwd "the'a" es used anywirote in this Mortgaye shall be taken to mean "hi~," "hep;'
_ '1ts," wherever the context so implies w admits. Alw, that wherever there is s refereoce in tF~e covenants ~nd agreemenfs herein tontsined to ~ny of
~ •~.e parties hereto, the same shall be construed to mean as wetl as the heirs, legal represemativp, successws and assigru (either vduntary by +d of tM
~ cert;es or inroluntary by optration of the law? of the same and that the covenants herein contained shall bind and 1he benefib and adv~ntayes inure
~ ihe respeuive heirs, legsl represeroatives, successors and au~gns of the parties hereto. ~
n3 And said Mwtgsgort, for themselves and their heirs, legal represenfatives, successort md suigns, hereby jointly snd severally tovenant and pr~e ~
' and with the wid MORTGAGEE, its successors and auigns: ~A'
'y 1. io psy ell and singu~ar tFx principal and interest and the various and sundry sums of money payeble by virlue of said promissory note, ~nd this
~-ortgage, each and every, promptly oe the days respect~vely the ssme severally become due. ~
2. To pay all and singular the taxes, assessments, levies, lisbilities, obligations ~~d entumbrancq of every natu?~ and kind tqw on said dewibed
ti! : ~cperty, w th~t hereafter may be impoud, suffered, placed, levied, or assesud thereon, w tMt heresfter may be Ievied a~ssetsed upon thb Mort¢ ~ ~
~ye, or the indebtedness secured hereby, each and every, when dve and payable, accwding to law, before they become delinquent, i1KI bOfO?~ My intlfNl ~y~
-~~ecnes or aoy penalty is incurred; AND INSOFAR AS ANY THEREOF IS Of REGORD THE SAME SHAII BE PROMPiIY SATISfIEO AND DISCHARGED OF L d }
=~CORD AND THE ORIGINAL OfFICIAI DOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISfACT10N PAPER OFfICIAIIY ENOORSED ~
CERTIFtED) SHALL BE PLACED IN THE NANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER VAYMENT; and in the event thaf any thereof is ~of ~0
d, sat'sfied and discharged sa:d MORTGAGEE may at any time pay the same or any part thereof withouf waiving o~ affectirq ~ny option, lien, equity Or p ~
•~-;hr under w by virtue of this morr9age and the f~ll amovnt of eath and eve~y such payment shall be immediafely dve and payabk and shall bear i~feres~ 0~
.•h~ darP rhPren[ v~f,! oa'd at .a!e o~ nine per centum per artoum and together w~th suth iMerest shail be secured by fhe lien of th s mo.gtage.
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